Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
CIBC to price Accelerated Return Notes due 2020 linked to Euro Stoxx
By Sarah Lizee
Olympia, Wash., July 19 – Canadian Imperial Bank of Commerce plans to price 0% Accelerated Return Notes due July 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a capped return of 28% to 32%. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline of the index from its initial level.
BofA Merrill Lynch is the agent.
The notes will price in July and settle in August.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.